Coventry Receives CMS Approval to Resume Marketing of Medicare Advantage Private Fee-for-Service Plans
Posted on: Thursday, 16 August 2007, 15:23 CDT
Coventry Health Care, Inc. (NYSE:CVH) today announced that it has received approval from the Centers for Medicare and Medicaid Services (CMS) to resume marketing of individual Medicare Advantage Private Fee-for-Service (PFFS) Plans.
The approval was granted following an on-site CMS audit conducted August 14-16, 2007. Coventry worked cooperatively with CMS to gain approval for the early implementation of the new CMS 2008 marketing guidelines. The Company's PFFS enrollments for 2007 will be limited to beneficiaries newly eligible to participate in the Medicare program. Additionally, Coventry will continue to train and certify agents to begin marketing October 1, 2007, for the upcoming 2008 open enrollment period.
On June 15, 2007, Coventry, along with six other leading Medicare Advantage health plans, temporarily suspended marketing of individual Medicare Advantage PFFS Plans to facilitate the immediate implementation of additional safeguards to protect Medicare beneficiaries. The Company has a 10-year record in delivering excellent service to thousands of Medicare recipients across the country.
Existing members of Coventry's PFFS program are not affected by this announcement. Coventry Health Care currently participates with CMS to offer Medicare Advantage HMO, PPO, PFFS and Part D Plans.
Coventry Health Care (www.cvty.com) is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers' compensation services companies. Through its Commercial Business, Individual Consumer & Government Business, and Specialty Business divisions, Coventry provides a full range of risk and fee-based managed care products and services to a broad cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators.
Source: Business Wire
Related Articles
- MarketsandMarkets: Global Home health Care Market Worth US$159.6 Billion by 2014
- MHPA Hosts Policy Briefing on Medicaid Health Plans in Health Care Reform
- Organic Baby & Toddler Care Market Assessment 2007
- Health Plans Participate in CMS PHR Pilot to Help Medicare Beneficiaries Better Manage Their Health
- CareMore Announces Comprehensive Medicare Special Needs Plans for 2007
- UnitedHealth Group Announces Medicare Prescription Drug Plan Offerings for 2007
- Medicare Special Needs Plans Focused on Chronic Conditions Expand Into Texas
- Florida Medicare Prescription Drug Plans
- AvMed To Offer Medicare Prescription Drug Plan to Medicare Beneficiaries; Health Plan Offers Additional Help to Medicare Recipients in Dade and Broward Counties
- Annual Study of California's Health Care Market Finds Continued Decline in HMO Enrollment and Growth in Pay for Performance -- But Few Fireworks
 |
 |
User Comments (0)
RSS Feeds